Skip to main content


October 23, 2011

How to Rebuild the Flimsy Foundations of Wall Street

“Given the rehash of familiar remedies and mud-slinging that dominates the debate, I thought I would use my dinner companion’s invitation to raise at least one issue central to finding a solution to the current mess. Consider the “too big to fail” problem. The four largest US banks hold close to $4,000bn in deposits, representing about 40 per cent of all bank deposits in America. Some financial institutions are still so large and interconnected that their failure would be disastrous for the global economy. Greek debt is such a big problem because a default might make a bank that is too big to fail to actually fail.”

Read the full story here.

In the News


For media inquiries, please contact us at or 202-618-6433.

Contact Us

For media inquiries, please contact or 202-618-6433.

To sign up for our email newsletter, please visit this page.

This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact or 202-618-6433.


Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today